Easy Click Worldwide Network Technology Co (SZSE:301171) ROCE % : 6.78% (As of Mar. 2024)

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What is Easy Click Worldwide Network Technology Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Easy Click Worldwide Network Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.78%.

Easy Click Worldwide Network Technology Co ROCE % Historical Data

The historical data trend for Easy Click Worldwide Network Technology Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Easy Click Worldwide Network Technology Co ROCE % Chart

Easy Click Worldwide Network Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.08

19.93

18.40

12.40

6.67

Easy Click Worldwide Network Technology Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.03	11.05	8.45	1.14	6.78

Easy Click Worldwide Network Technology Co ROCE % Calculation

Easy Click Worldwide Network Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	227.156	/	( ( (4964.019 - 1659.229)	+	(4671.22 - 1164.155) )	/ 2 )
	=	227.156	/	( (3304.79	+	3507.065)	/ 2 )
	=	227.156	/	3405.9275
	=	6.67 %

Easy Click Worldwide Network Technology Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	239.232	/	( ( (4671.22 - 1164.155)	+	(5370.13 - 1817.778) )	/ 2 )
	=	239.232	/	( ( 3507.065	+	3552.352 )	/ 2 )
	=	239.232	/	3529.7085
	=	6.78 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Easy Click Worldwide Network Technology Co (SZSE:301171) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Easy Click Worldwide Network Technology Co ROCE % Related Terms

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Easy Click Worldwide Network Technology Co (SZSE:301171) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Easy Click Worldwide Network Technology Co Ltd (SZSE:301171) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 156, Tiangu Eighth Road, Room 903, Building C3, Phase II, Software New Town R&D Base, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710077

Website

https://en.yeahmobi.com

Easy Click Worldwide Network Technology Co Ltd is committed as a global intelligent data-driven marketing service profession to provide results-driven services included performance marketing, brand building and industrial solutions integrating. The company's clients is involved in wide range industries of E-commerce, tool applications, information dissemination, games and other pan-entertainment applications.

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